Insider Selling: Gloo (NASDAQ:GLOO) Major Shareholder Sells $10,230.00 in Stock

Key Points

• Major shareholder Financial For Luthera Thrivent sold 3,000 Gloo shares at an average price of $3.41, worth $10,230. The sale reduced its position by 0.07%, leaving it with 4.111 million shares valued at approximately $14.02 million.
• Gloo shares fell to $3.12, near the company’s 52-week low of $2.94 and below its 50-day and 200-day moving averages. The company also reported a quarterly loss of $0.22 per share, missing the $0.16 consensus estimate.
• Analyst sentiment remains mixed but leans positive: four analysts rate Gloo a Buy and one rates it a Sell, producing a “Moderate Buy” consensus and an average price target of $13.33.

Gloo Holdings (NASDAQ:GLOO - Get Free Report) major shareholder Financial For Luthera Thrivent sold 3,000 shares of Gloo stock in a transaction on Friday, August 28th. The stock was sold at an average price of $3.41, for a total value of $10,230.00. Following the completion of the sale, the insider directly owned 4,111,000 shares of the company's stock, valued at approximately $14,018,510. The trade was a 0.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

Financial For Luthera Thrivent also recently made the following trade(s):

• On Thursday, August 27th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The shares were sold at an average price of $3.37, for a total transaction of $13,480.00.
• On Wednesday, August 26th, Financial For Luthera Thrivent sold 2,800 shares of Gloo stock. The stock was sold at an average price of $3.25, for a total transaction of $9,100.00.
• On Tuesday, August 25th, Financial For Luthera Thrivent sold 1,721 shares of Gloo stock. The shares were sold at an average price of $3.35, for a total transaction of $5,765.35.
• On Monday, August 24th, Financial For Luthera Thrivent sold 479 shares of Gloo stock. The shares were sold at an average price of $3.44, for a total transaction of $1,647.76.
• On Friday, August 21st, Financial For Luthera Thrivent sold 2,000 shares of Gloo stock. The stock was sold at an average price of $3.44, for a total transaction of $6,880.00.
• On Thursday, August 20th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The stock was sold at an average price of $3.44, for a total transaction of $20,640.00.
• On Wednesday, August 19th, Financial For Luthera Thrivent sold 4,000 shares of Gloo stock. The shares were sold at an average price of $3.34, for a total transaction of $13,360.00.
• On Monday, August 17th, Financial For Luthera Thrivent sold 2,000 shares of Gloo stock. The shares were sold at an average price of $3.30, for a total value of $6,600.00.
• On Friday, August 14th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The shares were sold at an average price of $3.52, for a total value of $21,120.00.
• On Thursday, August 13th, Financial For Luthera Thrivent sold 3,200 shares of Gloo stock. The shares were sold at an average price of $3.46, for a total transaction of $11,072.00.

Gloo Stock Performance

Shares of Gloo stock traded down $0.19 during mid-day trading on Tuesday, reaching $3.12. 174,873 shares of the stock traded hands, compared to its average volume of 110,412. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.91. The business has a 50-day moving average of $3.53 and a 200 day moving average of $4.97. Gloo Holdings has a fifty-two week low of $2.94 and a fifty-two week high of $9.98.

Gloo (NASDAQ:GLOO - Get Free Report) last issued its quarterly earnings data on Monday, June 8th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The company had revenue of $41.53 million during the quarter. As a group, analysts predict that Gloo Holdings will post -0.28 EPS for the current year.

Institutional Investors Weigh In On Gloo

Institutional investors have recently modified their holdings of the stock. Grace & Mercy Foundation Inc. acquired a new position in Gloo in the fourth quarter worth approximately $14,225,000. 1492 Capital Management LLC bought a new stake in shares of Gloo in the fourth quarter valued at approximately $1,627,000. Waverly Advisors LLC bought a new position in shares of Gloo during the 1st quarter worth about $1,202,000. Annandale Capital LLC acquired a new position in Gloo in the 4th quarter valued at approximately $1,423,000. Finally, Cornerstone Management Inc. bought a new stake in Gloo in the 1st quarter valued at $601,000.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on GLOO shares. Weiss Ratings upgraded shares of Gloo from a "sell (e)" rating to a "sell (d-)" rating in a report on Wednesday, August 12th. Citigroup initiated coverage on Gloo in a report on Monday, July 20th. They set an "outperform" rating on the stock. Wall Street Zen lowered shares of Gloo from a "hold" rating to a "sell" rating in a research note on Saturday, May 23rd. Citizens Jmp initiated coverage on Gloo in a research note on Monday, July 20th. They issued an "outperform" rating and a $8.00 target price on the stock. Finally, Benchmark raised their target price on Gloo from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Tuesday, June 9th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Gloo presently has an average rating of "Moderate Buy" and an average target price of $13.33.

About Gloo

Gloo's mission is to build the leading vertical technology platform for the faith and flourishing ecosystem, which we believe is one of the largest, oldest and least-digitized ecosystems in the world. Our purpose is to shape technology as a force for good, so people can flourish and communities can thrive. This is grounded in our belief that relationships catalyze growth, and when technology is used to serve relationships, it transforms lives. The faith and flourishing ecosystem is vast and, we believe, a technologically underserved vertical that includes traditional Christian (primarily Protestant and Catholic) churches and a diverse network of ministries, nonprofits and service providers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source